QUESTION IMAGE
Question
the international development of hotels has continued to grow as international tourism and commerce have increased. hong kong is an example of this growth due to the booming chinese economy along with _______.
improved opportunities for new hotel companies to expand in the region
low corporate taxation and minimal bureaucratic difficulty
companies changing their growth strategy from building new properties to buying existing properties
increased political stability in the former soviet union
Hong Kong has low - corporate taxation and relatively less bureaucratic red - tape, which are attractive factors for hotel industry growth along with the booming Chinese economy. The other options are either not relevant to Hong Kong (like the former Soviet Union) or not as fundamental factors for hotel industry growth in the context.
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B. low corporate taxation and minimal bureaucratic difficulty